Tax Reform, Interest Rates and Capital Allocation

Patric H. Hendershott

NBER Working Paper No. 1708
Issued in September 1985
NBER Program(s):Public Economics Program

The impacts of four major tax reform proposals on the level of interest rates and the allocation of the American capital stock are derived. The four plans are Bradley-Gephardt, Kemp-Kasten, Treasury I and Treasury II. The allocation is among seven types of nonresidential capital, rental housing, and owner occupied housing held by households in five different income classes.The inflation-neutrality of the four plans as also deduced.

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Document Object Identifier (DOI): 10.3386/w1708

Published: Hendershott, Patric H. "Tax Reform, Interest Rates and Capital Allocation," Tax Reform and Real Estate, Follain (ed.) The Urban Institute, 1986, pp. 2 7-57.

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